Research Briefing | Sep 29, 2021

European cities short-term recovery to be followed by long-term realignments

Ipad Frame-European-Cities-Short-term-recovery-to-be-followed-by-long-term-realignment

Despite another shift in the Covid-19 situation across Europe, national governments have largely resisted imposing new lockdowns, and our short-term forecast is now slightly stronger than in June. In the long term, eastern European cities will lead GDP growth, followed by a group of mainly northern cities. We expect southern cities to generally underperform.

What you will learn:

  • Consumer sectors are rebounding strongly across Europe, but the return of tourists has been slow, and we do not expect the worst hit sectors to return to 2019 output levels until late 2022.
  •  Of Europe’s 30 major cities, we now expect 10 to exceed to pre-pandemic GDP levels this year.
  • Over the long term we forecast eastern European cities to lead economic growth, driven by continued investment boosting their productivity.

{% video_player “embed_player” overrideable=False, type=’scriptV4′, hide_playlist=True, viral_sharing=False, embed_button=False, autoplay=False, hidden_controls=False, loop=False, muted=False, full_width=False, width=’1920′, height=’1080′, player_id=’56977904197′, style=” %}

 

Back to Resource Hub

Related Services

Post

Adopting the Limited Trump Scenario as the new baseline

Following the outcome of the US elections, we have adopted our 'limited Trump' scenario as our new baseline forecast. Our new baseline assumes a Republican-led Congress extends the personal tax cuts under the 2017 tax law and enacts higher spending levels.

Find Out More

Post

EV shift could pose a big challenge to Japanese economy

Amid the fast-progressing electric vehicle (EV) shift, maintaining high competitiveness in auto-related sectors and ensuring a smooth labour transition across industries are crucial for the growth of the Japanese economy. As auto production shifts towards EVs, which require different inputs from traditional internal combustion engine cars, parts suppliers will need to adapt to avoid losing market share to foreign players. Change in automotive supply chains would also require workers to move across different industries, a task particularly challenging for Japan.

Find Out More